The Hedera Hashgraph Price Prediction 2022 – Will HBAR Hit $0.6 Soon?
- Bullish HBAR price prediction is $.344 to $0.57.
- HBAR price might also reach $0.6 soon.
- HBAR bearish market price prediction for 2022 is $0.15.
In Hedera Hashgraph’s (HBAR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about HBAR to analyze the future movement of the cryptocurrency.
The Hedera Hashgraph Current Market Status
According to CoinGecko, the price of HBAR is $0.295 with a 24-hour trading volume of $89,529,077 at the time of writing. However, HBAR has increased 11.6% in the last 24 hours.
Moreover, HBAR has a circulating supply of 18,631,599,789 HBAR. Currently, HBAR trades in cryptocurrency exchanges such as Binance, OKEx, Mandala Exchange, Huobi Global, and Bybit.
What is Hedera Hashgraph (HBAR)?
Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications (DApps). HBAR is the native, energy-efficient cryptocurrency of the Hedera public network. The platform is owned by a council of global innovators including Avery Dennison, Wipro, Zain Group and so on.
The Hedera Hashgraph (HBAR) Price Prediction 2022
The Hedera Hashgraph holds the 34th position on CoinGecko right now. HBAR price prediction 2022 is explained below with a daily time frame.
Generally, a triangle is made of a downward diagonal upward trend line and an upward diagonal downward trend line. When there is a price increase, it will inevitably break through the upper trend line to break, and in an uptrend, the price will increase or break. A lower trend line develops a breakthrough and a downward trend in which prices drop.
Currently, HBAR is in the range of $.28. If the pattern continues, the price of HBAR might reach the resistance level of $0.34 and $0.37. If the trend reverses, then the price of HBAR may fall to $0.21.
The Hedera Hashgraph (HBAR) Support and Resistance Level
The below chart shows the support and resistance level of HBAR.
From the above daily time frame, it is clear the following are the resistance and support levels of HBAR.
- Resistance Level 1 – $0.33
- Resistance Level 2 – $0.45
- Resistance Level 3 – $0.57
- Support Level 1 – $0.22
- Support Level 2 – $0.15
The charts show that HBAR has performed a bullish trend over the past month. If this trend continues, HBAR might run along with the bulls overtaking its resistance level at $0.57.
Accordingly, if the investors turn against the crypto, the price of the HBAR might plummet to almost $0.15, a bearish signal.
The Hedera Hashgraph Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of HBAR is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of HBAR lies below the cutoff line, indicating weaker participants in the current trend.
More so, the HBAR’s Moving Average (MA) is shown in the chart above. Currently, HBAR is in a bearish state. Notably, the HBAR price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of HBAR at any time.
Meanwhile, the relative strength index (RSI) of the HBAR is at level 43.72. This means that HBAR is in a nearly oversold state. However, this means a major price reversal of HBAR may occur in the upcoming days. So, traders need to trade carefully.
The Hedera Hashgraph Price Prediction 2022 — ADX, RVI
Let us now look at Hedera Hashgraph’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of The Hedera Hashgraph. Currently, HBAR lies in the range of 10.7, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of HBAR. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of HBAR lies above the 50 levels, indicating that the direction of volatility is high. In fact, HBAR’s RSI is at 43.72 level thus confirming a potential sell signal.
Comparison of HBAR with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and The Hedera Hashgraph.
From the above chart, we can identify the trend of the ETH is moving at the upward trend. But, the recent trend of BTC and HBAR moves in a downward direction.
Conclusion
With continuous improvements in the Hedera Hashgraph network, we can say that 2022 is a good year for HBAR. For this reason, the bullish price prediction of Hedera Hashgraph in 2022 is $0.57. On the other hand, the bearish HBAR price prediction for 2022 is $0.15.
Furthermore, with the advancements and upgrades on the HBAR ecosystem, the performance of HBAR would help to reach above its current all-time high (ATH) $0.34 very soon. But, it might also reach $0.6 if the investors believe that HBAR is a good investment in 2022.
FAQ
Hedera is a decentralized public network where developers can create secure, reasonable applications with real-time consensus.
HBAR has listed on many crypto exchanges which include Binance, OKEx, Mandala Exchange, Huobi Global, and Bybit.
With the ongoing developments and upgrades within the HBAR platform, it has a high possibility of reaching its ATH soon.
On September 15, 2021, HBAR reached its new all-time high (ATH) of $0.569 .
The Hedera Hashgraph (HBAR) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of HBAR in the past few months, HBAR is considered a good investment in 2022.
The Hedera Hashgraph (HBAR) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Hedera Hashgraph (HBAR) will hit $0.6 soon.
The Hedera Hashgraph (HBAR) price is expected to reach $1 by 2023.
The Hedera Hashgraph (HBAR) price is expected to reach $1.5 by 2024.
The Hedera Hashgraph (HBAR) price is expected to reach $2.2 by 2025.
The Hedera Hashgraph (HBAR) price is expected to reach $3 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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